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Daily Mortgage News & Commentary

Daily Mortgage News & Commentary

Daily Mortgage News & Commentary

June 11: LO jobs; hedging, HOA lien monitoring, reverse products; webcasts of note; what is the CFPB’s Humility Pledge?

My cat Myrtle was never a fan of the CFPB. “Rob, have you heard about this ‘humility pledge’ that the CFPB Examiners read to each supervised entity before conducting exams? What in the world?” Yup, nicknamed the ‘humiliation pledge,’ it’s been around about six months… I don’t know how it helps borrowers, but the CFPB…

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